Metal Tiger PLC - AIM-listed investor in natural resource opportunities - Notes 18% investee Southern Gold Ltd first quarter update. Commercial negotiations continued regarding the settlement of Southern Gold's sale of 50% joint venture interests in the Gubong and Kochang projects for a price of USD9.9 million, as determined by an independent expert. Discussions are in an advanced stage and an update to the market expected in the coming quarter.
Also notes, 17% investee Cobre Ltd's update of Perrinvale VHMS project relating to the commencement of field exploration. Highlights step change in exploration approach driven by geological understanding, potential for increased areas of intermediate to felsic volcanic rocks identified and Banded Iron Formation association with conductors and massive sulphide mineralisation to be targeted.
Current stock price: 23 pence
Year-to-date change: flat
By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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